Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Sees Significant Decrease in Short Interest

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 2,000 shares, a drop of 73.0% from the October 15th total of 7,400 shares. Based on an average daily trading volume, of 12,500 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Churchill Capital Corp IX/Cayman

Several large investors have recently bought and sold shares of the business. CVI Holdings LLC bought a new stake in shares of Churchill Capital Corp IX/Cayman during the 2nd quarter valued at $494,000. Driehaus Capital Management LLC bought a new position in shares of Churchill Capital Corp IX/Cayman in the second quarter worth about $506,000. Levin Capital Strategies L.P. bought a new position in shares of Churchill Capital Corp IX/Cayman during the 2nd quarter valued at approximately $556,000. Gabelli Funds LLC bought a new stake in Churchill Capital Corp IX/Cayman during the 2nd quarter worth approximately $598,000. Finally, Clear Street LLC purchased a new position in Churchill Capital Corp IX/Cayman during the second quarter valued at approximately $698,000.

Churchill Capital Corp IX/Cayman Price Performance

Shares of NASDAQ CCIXU remained flat at $10.20 during trading on Thursday. The stock’s 50-day moving average price is $10.15. Churchill Capital Corp IX/Cayman has a 1-year low of $10.05 and a 1-year high of $10.45.

Churchill Capital Corp IX/Cayman Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.